Amazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty Images In his final letter to shareholders, Amazon CEO Jeff Bezos said Thursday that the company needs to “do a better job for our employees.” Bezos pointed to the recent union election outcome at one of Amazon’s Alabama warehouses as an example of
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In this article COIN Fred Wilson David Orrell | CNBC By 2013, venture capitalist Fred Wilson had established himself as a preeminent investor in consumer tech, having made early and highly lucrative bets on Twitter, Zynga, Etsy and Tumblr. In May of that year, he took a slight sideways turn. “We have been thinking about
In this article COIN Coinbase shares were indicated to open at about $350 per share on the Nasdaq Wednesday morning after providing a reference price of $250 per share Tuesday evening. Shares are expected to start trading Wednesday afternoon. Skirting the traditional IPO process, Coinbase will list its stock directly, allowing employees and existing shareholders
In this article COIN Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase is poised to command an astronomical valuation when the digital currency exchange goes public on Wednesday. But ask 10 market experts how the company should be valued and you’ll likely get 10
This illustration picture shows a person waiting for an update of Epic Games’ Fortnite on their smartphone in Los Angeles on August 14, 2020. Chris Delmas | AFP | Getty Images Epic Games, developer of the popular video game Fortnite, on Tuesday said it raised $1 billion in a new round of funding that lifts
In this article GOOGL Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing. Michael Short | Bloomberg | Getty Images Google maintains
In this article .BCOM Apple is in the early stages of building a new Apple TV device with a built-in camera and speaker, according to Bloomberg. The newest Apple TV was released in 2016 and is long overdue for an update as it competes with TV products from Amazon, Google and Roku that have gained
Microsoft CEO Satya Nadella looks on during a panel session on day three of the World Economic Forum in Davos, Switzerland, on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $56 per share, about 23% above its closing price Friday.
In this article 9988-HK The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped more than 5% on Monday after the company was fined 18.23 billion yuan
When it comes to the covid pandemic, it’s us against the mutants. Way back in January, the Centers for Disease Control predicted that a covid mutation, Britain’s B.1.1.7. variant, would soon be the dominant strain of the virus in the USA. The prediction sounded absurd. It sounded laughable. There were just 76 cases of the
In this article TPT-GB Topps baseball cards Ari Levy | CNBC On a recent family ski trip in California, my kids and I popped into an old baseball card shop in the city of Sonora, a former gold mining town in the Sierra Nevada foothills. As a former rabid card collector, I lit up when
In this article FB Chris Cox Asa Mathat | Re/code Facebook Chief Product Officer Chris Cox got paid approximately $69 million to rejoin the social media company in 2020. Cox rejoined Facebook in June 2020 after a more than one year hiatus away from the company. Cox is a key moral leader at Facebook and
In this article TSLA Lithium-ion batteries are everywhere — in phones, laptops, tablets, cameras and increasingly cars. Demand for lithium-ion batteries has risen sharply in the past five years and is expected to grow from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, mostly due to the boom in electric
Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant. In a Saturday statement, China’s State Administration for Market Regulation accused Alibaba of abusing
An Amazon-sponsored billboard urging employees to return their unionization ballots is seen on March 28, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images The National Labor Relations Board on Friday will resume counting ballots at 9:30 a.m. ET in the historic union election at one of Amazon’s Alabama warehouses. With roughly half of the
An RWDSU union rep holds a sign outside the Amazon fulfillment warehouse at the center of a unionization drive on March 29, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images Counting began on Thursday in the unionization vote for workers at Amazon’s warehouse in Bessemer, Alabama, culminating months of a hard fought effort to
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